Saturday, July 18, 2009

In the latest Robert Walters' Global Salary Survey 2009, 3 new countries namely China, Switzerland and Thailand have been included from 2008 coverage in their download page.
Malaysian companies were found to be more cautious in their hiring strategy with slowdown in recruitment activity. This slowdown was particularly seen in the FMCG and manufacturing sectors while the telecommunications, IT and oil & gas sectors were less affected. It continues to be a favourite place for MNCs' business process outsourcing (BPO) particularly for accounting and finance sector. There is an increase demand for risk management professionals in financial services. High demand for technology services continues across the board, particularly in software development, system implementation, technology consulting, system administration, IT security and compliance.
Annual salary for permanent staff in some of the roles in Malaysia for the year of 2009 are found to be as follow:

Accountant (3-5 years experience): RM42-66k

Auditor (8 years experience): RM85k+

Chief financial officer: RM250-460k+

Finance director - large organisation: RM220-270k

Finance director - small/medium organisation: RM180-240k

CIO/CTO: RM320-380k+

SAP consultant: RM100-120k

Software development manager: RM95-110k

IT security analyst: RM100-110k

Software developer: RM55-65k

Marketing director: RM240-300k

Sales director: RM240-300k

Product manager: RM90-96k

Account manager: RM90-96k

In Singapore, skill shortages were found in the areas of cost accounting, internal audit, financial planning & analysis and taxing. The financial services sector is affected by the economy downturn and salaries are seen to be lesser than 2008 in general. In the engineering, human resources, IT, sales and marketing sectors, salaries are seen to be about the same as 2008. However, a slight increment were still seen in the salaries in legal & compliance sector.